Baselode Begins Mobile MT Airborne Survey on its Shadow Uranium Project
Baselode Begins Mobile MT Airborne Survey on its Shadow Uranium Project |
[10-August-2020] |
TORONTO, Aug. 10, 2020 /CNW/ - Baselode Energy Corp. ("Baselode" or the "Company") (TSXV: FIND) is pleased to announce that it has engaged Expert Geophysics Ltd. to complete a 2,600 line-kilometre mobile magnetotellurics ('Mobile MT') heli-borne survey. This survey will cover the entirety of Baselode's Shadow property of over 420 square kilometres in the Athabasca Basin region. The survey is expected to begin August 10, 2020. Why is Baselode using Mobile MT? Baselode is using Mobile MT to identify deep and shallow structures related to the Virgin River Shear Zone ("VRSZ"), one of the most prominent structural corridors in northern Saskatchewan. The VRSZ is the boundary between two tectonic domains and its hydrothermal 'plumbing' system can run deep. These deep-rooted structural systems allow for significant fluid migration which can lead to the formation of high-grade uranium deposits. Four uranium deposits north of the Shadow property have previously been discovered along a 250-km strike extension of the VRSZ, proving the VRSZ is a fertile structural corridor for uranium mineralization. The Shadow property straddles the VRSZ over a 60 km-long strike length that has never been explored for any mineral commodity. What is Mobile MT? Magnetotellurics has successfully mapped graphitic conductors and alteration plumes related to mineralization at the McArthur River (Cameco) and Shea Creek (Orano/UEX) uranium deposits. Mobile MT remains at the forefront of emerging exploration geophysical technologies. The "mobile" aspect of magnetotellurics, with data acquisition being possible with helicopter support, is a development which is proving to be a significant evolutionary shift in airborne geophysical methodologies. Next Steps are Survey Results About the Shadow Property View Mobile MT Survey Flight Lines on Shadow Property Map of Baselode's Shadow Property Regional Map of Baselode's Properties QP Statement The technical information contained in this news release has been reviewed and approved by Charles Beaudry, P.Geo and géo., Director of Baselode Energy Corp., who is a Qualified Person as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects." About Baselode Energy Baselode's Athabasca 2.0 exploration thesis is focused on discovering near-surface, basement-hosted, high-grade uranium orebodies outside of the Athabasca Basin. The exploration thesis is further complimented by the Company's preferred use of innovative and well-understood geophysical methods to map deep structural controls in order to identify shallow targets for diamond-drilling. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Baselode Energy Corp. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to Baselode Energy Corp. Additional information identifying risks and uncertainties is contained in filings by the Company with Canadian securities regulators, which filings are available under Baselode Energy Corp. profile at www.sedar.com. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available. SOURCE Baselode Energy | ||
Company Codes: TorontoVE:FIND |
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